Business NZ has welcomed the appointment of a working group to review the Holidays Act 2003.
“A review is well overdue,” Business NZ Chief Executive Phil O’Reilly said.
“Employers have had a lot of problems with this legislation ever since it came into force.
“Among other things, its formula for calculating holiday pay uses irrelevant variables and is so complex that it significantly increases payroll administration costs in many companies.
“Administration around the payment for public holidays is similarly complex and time-consuming.
“The business community has made its concerns known about the Act since 2003 and we are pleased these are finally being heard.”
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